Flue Gas Treatment Systems Market is expected to grow at a robust CAGR
Global
Flue Gas Treatment Systems Market is expected to grow owing to increasing use
of flue gas treatment process to eliminate pollutants or other hazardous gases throughout
the forecast period.
According
to TechSci Research report, “Flue
Gas Treatment Systems Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Flue Gas Treatment Systems
Market is expected to register robust growth during the
forecast period. The growth of the flue gas treatment systems market worldwide
is driven by the formulation and strict enforcement of air pollution control
regulations, the generation of marketable by-products from flue gas treatment
methods, the expansion of the cement industry, and the global reliance on coal
as a reliable energy source. Key opportunities to boost the expansion of the
flue gas treatment systems market during the forecast period include the implementation
of Mercury & Air Toxic Standards in the U.S., the increase in the number of
coal-fired power plants worldwide, and the commercial deployment of
post-combustion carbon capture equipment in various industries.
The rising
awareness of air quality concerns and their implications for public health is
generating a significant demand for technologies that can enhance air quality
by mitigating the emissions of detrimental pollutants. Flue gas treatment
systems, encompassing the removal of sulfur dioxide (SO2), nitrogen oxides
(NOx), particulate matter (PM), and volatile organic compounds (VOCs), are
well-positioned to leverage this escalating emphasis on cleaner air.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Flue Gas Treatment Systems Market."
Based
on end-user, the Power segment is projected to dominate the market throughout
the forecast period. Numerous coal-fired power plants are currently undertaking
retrofitting initiatives, incorporating advanced flue gas treatment systems to
align with evolving environmental standards and curb emissions. These
retrofitting projects present a substantial market opportunity. Flue gas
treatment technologies in coal-fired power plants are consistently advancing to
enhance efficiency and cost-effectiveness. Innovations in technologies such as
flue gas desulfurization (FGD) and selective catalytic reduction (SCR) not only
improve pollutant removal but also minimize energy consumption. The growing
popularity of combined cycle power plants, employing both gas and steam
turbines, can be attributed to their high efficiency. Integrated flue gas
treatment systems are employed in these plants to capture pollutants and
mitigate environmental impact. Some power plants adopt hybrid configurations,
combining renewable energy sources with traditional fossil fuel-based
generation, to ensure a stable power supply. Flue gas treatment systems are
employed in these hybrid setups to govern emissions from the fossil fuel
component. Power plants are exploring hybrid solutions that incorporate
multiple flue gas treatment technologies to simultaneously address a wide range
of pollutants. These integrated systems offer efficiency advantages and
contribute to comprehensive emission control. In conclusion, the power segment
within the Global Flue Gas Treatment Systems Market plays a crucial role in
managing emissions from diverse power generation sources. It encompasses
coal-fired power plants, natural gas power generation, renewable energy
integration, and oil and refinery power generation. This segment is
characterized by the need for emissions compliance, retrofitting projects,
efficiency enhancements, and technological advancements to ensure clean and
sustainable power generation.
Based
on pollutant control system, Flue Gas Desulfurization (FGD) segment is
projected to dominate the market throughout the forecast period. Numerous
coal-fired power plants across the globe are retrofitting FGD systems to meet
strict emissions regulations. This growing trend in retrofitting fuels the
demand for FGD technologies as power plants strive to reduce SO2 emissions and
ensure compliance with environmental standards. FGD technologies are
continuously evolving to enhance efficiency and cost-effectiveness. Innovations
encompass improved sorbent materials, superior system designs, and advancements
in process control to optimize SO2 removal efficiency. FGD systems find
application globally, wherever control of SO2 emissions is imperative, ensuring
a consistent demand for FGD technologies. These systems exhibit adaptability to
various fuels, including coal, oil, and biomass, enabling their relevance as
industries explore alternative and cleaner energy sources. Ongoing research and
development efforts focus on enhancing SO2 removal efficiency and reducing
operational costs through improved sorbent materials. Additionally, innovations
in sorbent regeneration and recycling contribute to cost-effectiveness.
Key
market players in the Global Flue Gas Treatment Systems Market are:-
- Clyde
Bergemann Power Group
- Mitsubishi
Hitachi Power Systems
- Babcock
& Wilcox Enterprises Inc.
- Clyde
Bergemann Power Group
- STT
Environ Corp
- Andritz
AG
- Marsulex
Environmental Technologies
- Bilfinger
Engineering & Technologies Gmbh
- Chiyoda
Corporation
- Ducon
Technologies and Fuel Tech Inc.
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“Asia
Pacific is expected to be the dominating region during the forecast period.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Flue
Gas Treatment Systems Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast Segmented By Business Type (System and Service), By
Pollutant Control System (Flue Gas Desulfurization (FGD) and DeNOx Systems), By
End-User (Power, Chemical and Petrochemical), By Region, By Competition
Forecast & Opportunities, 2018-2028F,” has evaluated the future growth
potential of Global Flue Gas Treatment Systems Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Flue Gas Treatment Systems Market.
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